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U.S. Dollar / New Zealand Dollar

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USDNZD trade ideas

NzdUsd Trade Update/IdeaJust an update on NU. I sent out NU shorts yesterday night seeing price had broken a HL. I was looking for price to crash from there but instead NU decided to get into a range just at resistance. 15m shows the new level of resistance for the range it's currently in. Price on higher time frames is still overall BEARISH so shorting the range was the best option once price had came back down below the 15m resistance range. Looking for a solid 1:3rr. If price can manage to break the support of the range then shorts here are still valid.
Short
by OfficialJ23
Change of character analysisgood morning traders, this is my analysis of NZDUSD that i forgot to share lol, its a Low probability trade with 65% of win, our key level of a downtrend was broken which confirmed a change of character so I anticipated a new move towards the upside and entered with a tight stoploss and waited for 1H to show us a bullish candle confirmation . The trade is still going up to our prediction reason why I decided to share this is to show people the importance of trend following and how import candlestick confirmation really is. never trade if the trend is not clear and never enter if you don't see a candle confirmation
Education
by StarleXtheTrader
2
NZ dollar eyes Fed meet, New Zealand GDPThe New Zealand dollar has posted gains on Wednesday. NZD/USD is trading at 0.6211 at the time of writing, up 0.44% on the day. Federal Reserve meetings are traditionally predictable affairs and don’t move the needle of the financial markets. Fed decision makers signal their intentions ahead of time in order to minimize market volatility. Today’s decision is up in the air and it remains unclear what the Fed is going to deliver – will it be a modest 25-basis point cut or a jumbo 50-bps slash? Market pricing of today’s cut has been swinging wildly, which could result in volatility after the decision. The Fed has maintained a stance of ‘higher for longer’ for over a year and has brought down inflation close to the 2% target. The expectation not long ago was that the Fed would kick off the new rate-tightening cycle with a traditional 25-bps cut. What has complicated matters is the recent deterioration in the US labor market. Job growth has fallen sharply and spooked the markets, with fears that the US economy could fall into a recession. The darkening employment picture has boosted the likelihood of a 50-bps cut, but such a deep cut could send a signal that the economy is in deep trouble and unnerve investors. The markets will be keeping a close eye on the Fed’s ‘dot plot’, which will signal the expected rate path over the next few years as well as updated economic forecasts. The Fed is expected to be aggressive in its rate cuts, now that inflation is largely beaten and the employment picture has deteriorated. Overshadowed by the dramatic Fed meeting, New Zealand will release second-quarter GDP early on Thursday. The markets are bracing for a contraction in growth. In the first quarter, the economy showed slight growth of 0.2% q/q and 0.3% y/y. This is expected to fall to -0.4% q/q and -0.5% y/y. NZD/USD has pushed above resistance at 0.6199. Above, there is resistance at 0.6240 There is support at 0.6153 and 0.6112
by OANDA
NZDUSD - 4hrs ( Buy Trade Target Range 150 PIP ) Pair Name : NZD/USD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Buy Opportunity ) Break Out Type : Mid Term Swing ——————————— ☑ Bullish Break: 0.62050 💠 Chance of Successful Breakout at This Level: 80% This level has experienced 7 bounces and has respected the breakout each time. 💠 Key Level Mention and Reasoning Our key breakout level is 0.62050. The price has retested this level multiple times, and there has been one fake-out. This shows the level's significance and strength in price action. 💠 Crosses with Trend or Channel? Yes, our breakout level intersects with a pattern breakout in the same area, reinforcing the importance of this level. 💠 Volume at This Level Yes, we have strong volume in this area, which caused the price to move quickly and significantly after the breakout. 💠 Psychological Level Involvement Yes, the breakout area represents a psychological level, as it is a major daily area that many traders focus on. 💠 Market Sentiment: Bullish or Bearish? Our background is bullish. This is indicated by a healthy breakout candle, and the Fib Golden Zone has already been broken with visible range volume support. Target Range for This Trade: 150 Pips
Long
by GoldenEngine
2
NZD/USD Rises Ahead of Fed Decision, Reversal Risk LoomsNZD/USD has appreciated in recent trading sessions, supported by improved global risk sentiment as markets anticipate a potential interest rate cut by the U.S. Federal Reserve on Wednesday. However, while the New Zealand dollar has gained momentum, the outlook for the pair remains uncertain, with critical U.S. economic data expected today that could significantly impact all currency pairs trading against the U.S. dollar. Key Market Drivers: Fed and U.S. Economic News The Federal Funds Rate decision and the accompanying FOMC statement later this week are at the center of market attention. The potential rate cut by the Federal Reserve has already fueled a wave of optimism, boosting the New Zealand dollar. However, traders remain cautious as today’s U.S. economic news, including inflation and employment data, may provide critical insights into the strength of the U.S. economy ahead of the rate decision. Any significant surprises in today's economic reports could shift sentiment across all USD pairs, including NZD/USD, potentially creating increased volatility leading up to Wednesday's announcement. Technical Outlook: Overbought Conditions Raise Reversal Risk From a technical perspective, NZD/USD is currently in overbought territory, raising concerns that a reversal may be on the horizon. The latest Commitment of Traders (COT) report reveals a striking divergence between retail traders and institutional players. Retailers remain highly bullish on the pair, indicating optimism for continued gains. On the other hand, "smart money," represented by institutional traders, has adopted a more bearish stance, signaling caution. Given the pair’s overbought conditions and the growing divergence in trader sentiment, we have placed a pending order in anticipation of a potential reversal. This setup aligns with the COT data, where institutional positioning suggests that a pullback could be imminent. What to Watch: Fed’s Statement and Market Reaction As the week unfolds, the Federal Reserve's policy decision and statement will play a decisive role in the future trajectory of NZD/USD. A rate cut could further fuel the pair’s appreciation, but the market will closely scrutinize the Fed's tone regarding future rate cuts or tightening measures. Should the Fed take a more dovish stance, the U.S. dollar may weaken further, providing additional support for NZD/USD. Conversely, a more cautious or hawkish outlook could spark a shift in sentiment, favoring the U.S. dollar and triggering the expected reversal. Conclusion: Caution Ahead of Volatility While NZD/USD has benefited from recent risk-on sentiment, caution is warranted as the pair enters overbought territory. The ongoing divergence between retail traders and institutional investors, combined with the upcoming U.S. economic news and Fed decision, creates a complex landscape for traders. The potential for heightened volatility is high, making it essential to monitor these developments closely as the week progresses. For now, our technical indicators and market analysis suggest that a reversal may be imminent, and we are positioned accordingly with a pending order in place. However, as always, the Federal Reserve’s policy outcome will likely be the deciding factor in the pair’s near-term direction. ✅ Please share your thoughts about NZD/USD in the comments section below and 👍 HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
NZDUSD 15 Minutes time frame possible setupSell Limit Order: The entry point for the trade is marked at 0.6187, indicating the price level where a sell limit order is placed. The expectation is that price will rise to this level, trigger the sell order, and then decline. Stop Loss: The stop loss is positioned slightly above the sell limit level at 0.6193, to manage risk in case the price continues to rise beyond the expected reversal point. Take Profit: The take profit level is placed at 0.6170, indicating the expected downside target for the trade. This suggests a short-term bearish outlook, where the price is expected to drop after triggering the sell order. This setup indicates a risk management approach where the trader is looking to enter a sell trade at a higher price with a calculated stop loss and a defined take profit zone. The strategy seems to be based on price action, possibly following a bearish trend or anticipating a reversal from resistance.
Short
by factoryforex01
1